Government Contract | Delaware
Pension Plan Actuarial Services

Bid Information


Bid Alert No: 00001764943

Bid Title: Pension Plan Actuarial Services

Agency Bid No. Title: Not Stated

Received Date: 06/27/2019

Close Date: 07/19/2019

Purchase Type: Term: 07/19/2019 - 07/19/2024

Delivery Point: Seaford, Delaware

Delivery Date: Not Stated

Special Notices: Questions Due By 07/10/2019

Specifications

Specifications include, but are not limited to: Actuarial servicesrelated to the City of Seaford, Delaware Pension Plan for General Employees andPostretirement Welfare Plan. A. Pension Plan for General Employees1. An annual actuarial valuation report for purposes of determining requiredcontributions from the City.2. An annual actuarial valuation report for accounting purposes in compliance withGovernmental Accounting Standards Board Statement No. 67 and 68.3. Calculation of annual benefit statements to be distributed to participants.4. Calculation of benefits payable from the Plan for individual participants.5. Meeting with City staff to review valuation report results and present to CityCouncil.6. Responding to auditor questions.7. Keeping City apprised of any changes in local or federal regulations applicable tothe Plan.B. Postretirement Welfare Plan1. An annual actuarial valuation report for accounting purposes in compliance withGovernmental Accounting Standards Board Statement No. 75.2. Responding to auditor questions.C. Valuation Reports1. Valuation reports should be prepared annually using data supplied as of July 1stand delivered to the City by October 1st.2. The annual benefit statements should be provided to the City by September1st each year.

Bid Related Documents

Download Document

Product Code: 94612

Agency Information


Issuing Agency: City of Seaford

State: Delaware

Agency Type: State and Local

Contact: June Merritt 414 High Street, P.O. Box 1100, Seaford, Delaware, 19973

Phone: 302-629-9173

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